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Here is financial information for Glitter Inc. December 31, 2020 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings
Here is financial information for Glitter Inc. December 31, 2020 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $122,000 395,456 87,764 129,096 166,430 134,166 December 31, 2019 $100,000 334,000 74,000 88,000 110,000 162,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preced number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GLITTER INC. Condensed Balance Sheets December 31 Increase or (Decrease) Amount Percentage 2020 2019 Assets $122,000 $100,000 $ % Current assets 395,456 334,000 % Plant assets (net) $517,456 $434,000 $ % Total assets % Liabilities Current liabilities $87,764 $74,000 $ % Long-term liabilities 129,096 88,000 % Total liabilities 216,860 162,000 % Stockholders' Equity Common stock, $1 par 166,430 110,000 % Retained earnings 134,166 162,000 % Total stockholders' equity 300,596 272,000 % Total liabilities and stockholders' equity $517,456 $434,000 $ % Click if you would like to Show Work for this question: Open Show Work
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